Classification of Financial Elements Flashcards by Phillipo Georgiou

Q

Sales

A

Revenue or Income

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Q

Fees

A

Revenue or Income

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Q

Commission Received

A

Other Income

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Q

Gain on sale of Asset

A

Other Income

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Q

Interest Received

A

Other Income

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Q

Dividends Received

A

Other Income

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Q

Discount Received

A

Other Income

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Q

Rent Received

A

Other Income

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Q

Advertising

A

Distribution Costs

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Q

Cartage Outwards

A

Distribution Costs

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Q

Commission

A

Distribution Costs

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Q

Delivery Expenses

A

Distribution Costs

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Q

Depreciation on Shop Fittings

A

Distribution Costs

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Q

Depreciation on Delivery Vehicles

A

Distribution Costs

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Q

Freight Outwards

A

Distribution Costs

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Q

Repairs to Delivery Vehicles

A

Distribution Costs

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Q

Repairs and Maintanance

A

Distribution Costs

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Q

Sales, Wages and Salaries

A

Distribution Costs

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Q

Travelling Expenses

A

Distribution Costs

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Q

Loss on sale of Distribution Asset

A

Distribution Costs

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Q

Accounting Fees

A

Administrative expenses

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Q

Audit Fees

A

Administrative expenses

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Q

Depreciation (other than shop fitting or delivery Vehicles)

A

Administrative expenses

Q

Electricity

A

Administrative expenses

General Expenses

Administrative expenses

Insurance

Administrative expenses

Office Expenses

Administrative expenses

Postage

Administrative expenses

Printing

Administrative expenses

Rates

Administrative expenses

Rent

Administrative expenses

Repairs and maintenance (other than to shop fittings or delivery vehicles

Administrative expenses

Salaries

Administrative expenses

Stationary

Administrative expenses

Telephone and Tolls

Administrative expenses

Vehicle Expenses (other Delivery Vehicles)

Administrative expenses`

Wages

Administrative expenses

Donations

Administrative expenses

Loss on sale of Asset

Administrative expenses

Bank

Current Assets

Petty Cash

Current Assets

Accounts Receivable

Current Assets

Prepayments

Current Assets

Accrued Revenue

Current Assets

Closing Inventories

Current Assets

Equipment

Plant, Property and Equipment

Buildings

Plant, Property and Equipment

Property

Plant, Property and Equipment

Vehicles

Plant, Property and Equipment

Plant

Plant, Property and Equipment

Shares

Investments

Long term monies held in investment accounts

Investments

Debentures

Investments

Goodwill

Intangible Asset

Patents

Intangible Asset

Royalties

Intangible Asset

Research and development costs

Intangible Asset